Camosun Business students win national stock market competition
Camosun Business students take stock market performance to the top.
Camosun Collegeâ€™s business students were awarded top marks April 12 after applying remarkable financial literacy, financial analysis and accounting skills to a provincial and national stock market competition.
Camosun placed first overall in the InvestYoung Western Canada Online Stock Market Competition, and then went on to place second overall in the InvestYoung Nationals. The University of Western Ontario took first place in the national competition. The stock market competition is organized by the non-profit Investors of Tomorrow.
The InvestYoung Western Canada Online Stock Market Competition is a province-wide contest open to British Columbia universities and colleges with commerce and business programs. Teams put their finance and accounting skills to the test while managing one million dollars in hypothetical capital over six months. To win, the teams must outperform the S&P 500 index during the challenge period. Camosun not only beat the index, they went on to make a profit.
"The business acumen of these students making decisions in real-time over six months in a changing economic environment is gratifying to see," says Joan Yates, Dean of the School of Business."This is applied learning at its strategic and exciting best."
Finance program leader, instructor and mentor Mahesh Kumar has seen a jump in student participation over the last two years. Last year 16 students participated in the competition. This year, 36 Camosun finance students signed up for the challenge.
"This is a superb achievement by our School of Business students," says Kumar. "Camosun students placed second the last two years in the western division. This year, the students were determined to take it to the next level, and they did! The fact they went onto the nationals, and placed second, truly reflects the knowledge base and skill level of our students."
Richard Park is the group president, University Division, of Investors of Tomorrow. "The InvestYoung Online Stock Market Competition, hosted by Investors of Tomorrow, is an online trading simulation that tests the investing prowess and financial insight of its competitors. One thousand students from post-secondary institutions across Canada received a fictional portfolio of one million dollars and conducted careful transactions over a period of six months," says Park. "Investors of Tomorrow is immensely proud of the accomplishments of Camosun students, and fully supports the collegeâ€™s endeavours to enhance financial literacy through participation in the competition."
The following are the group rankings (and respective averaged portfolio values) for the Western Canada schools.
1. Camosun College ($1,118,020.96)
2. Royal Roads University ($1,068,579.47)
3. Langara College ($1,066,049.15)
4. University of Northern British Columbia ($1,049,419.03)
5. Selkirk College ($1,022,775.25)
6. Okanagan College ($964,762.40)
The following are the national rankings for the InvestYoung National Online Stock Market Competition.
1. University of Western Ontario ($1,181,032.01)
2. Camosun College ($1,118,020.96)
3. Royal Roads University ($1,068,579.47)
4. Langara College ($1,066,049.15)
5. McMaster University ($1,035,567.56)
6. University of Northern British Columbia ($1,049,419.03)
7. Selkirk College ($1,022,775.25)
8. Okanagan College ($964,762.40)
Mahesh Kumar, Finance Program Leader
School of Business â€“ Accounting, Economics, Finance and University Transfer
Last updated: April 19, 2010 8:38 am